CONFERENCE PROGRAM

Program for the 6th Helsinki Finance Summit

Sunday August 14, 2016

18:00 - 20:00 WELCOME RECEPTION
  Opening words by Chairman of the Organizing Committee, Professor Eero Kasanen, Aalto University School of Business. Food and drink will be served. The restaurant is located on the 2nd floor of the Main Building.

Monday August 15, 2016

08:30 - 09:00 COFFEE
   
09:00 - 10:30 Session 1: NETWORKS
  Chair: Matti Keloharju (Aalto University School of Business)
   
  Why Don’t We Agree? Evidence from a Social Network of Investors
  Anthony Cookson (Leeds School of Business, University of Colorado at Boulder), Marina Niessner (Yale School of Management)
  Discussant: Harrison Hong (Princeton University)
   
  Keeping Up with the Ponzis
  Ville Rantala (University of Miami)
  Discussant: Shiyang Huang (University of Hong Kong)
   
10:30 - 11:00 BREAK
   
11:00 - 12:30 Session 2: VELOCITY
  Chair: Markku Kaustia (Aalto University School of Business)
   
  The Speed of Communication
  Shiyang Huang (University of Hong Kong), Byoung-Hyoun Hwang (Cornell University and Korea University), Dong Lou (London School of Economics and CEPR)
  Discussant: Ville Rantala (University of Miami)
   
  Lazy Prices
  Lauren Cohen (Harvard Business School and NBER), Christopher Malloy (Harvard Business School and NBER), Quoc Nguyen (University of Illinois at Chicago)
  Discussant: Peter Nyberg (Aalto University School of Business)
   
12:30 - 14:00 LUNCH
   
14:00 - 15:30 Session 3: RELATIVITY
 

Chair: Harrison Hong (Princeton University)

   
  Behavioral Biases in Number Processing: The Case of Analysts’ Target Prices
  Patrick Roger (University of Strasbourg), Tristan Roger (Paris-Dauphine University), Alain Schatt (HEC Lausanne, University of Lausanne)
  Discussant: Mikko Niemenmaa (Aalto University School of Business)
   
  A Tough Act to Follow: Contrast Effects in Financial Markets
  Samuel M. Hartzmark (University of Chicago Booth School of Business), Kelly Shue (University of Chicago Booth School of Business and NBER)
  Discussant: Quoc Nguyen (University of Illinois at Chicago)
   
15:30 - 16:00 BREAK
   
16:00 - 17:00 KEYNOTE SPEECH
  My Investor Behavior
  Jay Ritter (University of Florida)
   
19:00
onwards
DINNER
Restaurant Ateljé Finne
   

Tuesday August 16, 2016

09:00 - 09:30 COFFEE
   
09:30 - 11:00 Session 4: WISDOM
  Chair: Samuel Hartzmark (University of Chicago)
   
  Harnessing the Wisdom of Crowds
  Zhi Da (University of Notre Dame) and Xing Huang (Michigan State University)
  Discussant: Petri Jylhä (Aalto University School of Business)
   
  Who Are the Smartest Investors in the Room? Evidence from U.S. Hedge Funds Solicitation
  Philippe Jorion (The Paul Merage School of Business, University of California at Irvine), Christopher Schwarz (The Paul Merage School of Business, University of California at Irvine)
  Discussant: Zhi Da (University of Notre Dame)
   
11:00 - 11:15 BREAK
   
11:15 - 12:45 Session 5: DESIGNS
  Chair: Shiyang Huang (University of Hong Kong)
   
  On the Asset Allocation of a Default Pension Fund
Magnus Dahlquist, (Stockholm School of Economics and CEPR), Ofer Setty (Tel Aviv University), Roine Vestman (Stockholm University)
  Discussant: Anthony Cookson (Leeds School of Business, University of Colorado at Boulder)
   
  Do Financial Institutions Exploit Information Assymetry? Evidence from the Issuance of Retail Structured Products
  Manuel Ammann (University of St. Gallen), Marc Arnold (University of St. Gallen), Simon Straumann (University of St. Gallen)
  Discussant: Petra Vokatá (Aalto University School of Business)
   
12:45 - 12:50 CLOSING WORDS
   
12:50 - LUNCH
 

 

See also the programs for previous Summits:

Program for HFS 2015

Program for HFS 2014

Program for HFS 2013

Program for HFS 2012

Program for HFS 2011